A logarithmic goal programming approach to develop the utility function for a railway travel
dc.contributor.author | Dutta, Goutam | |
dc.contributor.author | Ghosh, P. | |
dc.contributor.author | Kaul, A.W. | |
dc.date.accessioned | 2017-06-07T11:22:53Z | |
dc.date.available | 2017-06-07T11:22:53Z | |
dc.date.issued | 2015 | |
dc.identifier.uri | http://hdl.handle.net/11718/19357 | |
dc.description.abstract | Railway passengers are in a dilemma to choose the best train among several alternatives available in a particular route. A relative comparison of competing railways helps the passenger to make an informed choice before the actual travel. In this paper we develop a utility model for a railway travel based on the important attributes. We carry out an analysis on the competing railways for a particular route and calculate the utility score of each train route. The passengers benefit as they are aware of the relative ranking of a particular train on a particular route before they make their choice and the railways benefit as they are able to estimate the market share of each service using a multinomial logit choice model. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | International Journal of Revenue Management | en_US |
dc.subject | Choice models | en_US |
dc.subject | Forecasting | en_US |
dc.subject | Logarithm goal programming model | en_US |
dc.subject | Revenue management | en_US |
dc.subject | Utility function | en_US |
dc.title | A logarithmic goal programming approach to develop the utility function for a railway travel | en_US |
dc.type | Article | en_US |
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